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Federal Minister for Privatisation & Investment Mr. Zahid Hamid expressed
the hope that economic ties between Pakistan and Argentine will be further
strengthened for which the private sector of the two countries could play a
major role. The Minister stated this during a meeting with the Ambassador of
Argentine Republic to Pakistan Mr. Rodolfo J. Martin Saravia who called on him
here today.
Mr. Zahid Hamid further stated that Pakistan had a very liberal investment
climate, with remarkable incentives for both local and foreign investors.
Foreign Direct Investment had crossed US $ 3 billion, in 2005-06, its highest
level ever. Moreover privatisation proceeds of Rs.218 billion in this year
were also highest in the history of the Privatisation Commission.
The process of privatisation was simple, competitive, open, fair, transparent
and provided level playing field to the domestic and foreign investors, the
Minister stated.
We look forward to the Argentinean investors/ business groups visiting
Pakistan to explore and identify the investment & privatisation opportunities
and to take advantage of the facilities being extended to the private sector,
he said.
The Argentinean Envoy Mr. Rodolfo J. Martin Saravia stated that Argentine
would make efforts to strengthen economic relations by exploring new avenues
and opportunities for the promotion of investment and trade relations between
the two countries.
The envoy lauded Pakistan's achievements on the economic front under the
leadership of President Pervez Musharraf, Prime Minister Shaukat Aziz and the
entire economic team.